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Technology Stocks : YURI ( YURI SYSTEM )
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To: John F. Dowd who wrote (671)2/26/1998 9:28:00 PM
From: larry  Read Replies (1) of 1181
 
John,

All you need to do is to call your broker and put your YURI shares in a cash account and state that you don't want to lend out the shares (to shorts). According to the transaction laws, if the brokers lend out your shares to shorts, they will either find new shares to lend out or simply ask the shorts to cover in 3 days. Since I believe that more than 65% (close to 70%) of the shares held by individual investors are sold short. This will be a very powerful move to force some shorts to cover.
However, if your account is margined, the broker can lend out your shares at any time to anyone, including the shorts.
I believe that a fairly good amount of YURI longs have, or already decided to do so in a short period of time. If you had a big position in YURI and call the shares, it will definitely do some damage to the shorts.
I bought more two days ago and have shifted my shares to cash account.
Also believe that the company will do their best to support YURI longs, whether individual or institutional investors.

good luck,
larry
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